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Dáil
‹ Order of Business

Strategic investment fund legislation

Summary

Michael McGrath seeks an early National Treasury Management Agency amendment Bill to establish the €6 billion strategic investment fund; the Tánaiste expects publication later this year.

I wish to raise a couple of Bills. The Government has announced again that the strategic investment fund will be established on a statutory basis, with the Bill in question the National Treasury Management Agency (amendment) Bill. It comes almost two years from the original announcement in September 2011 but it is a very important Bill that will help to channel upwards of €6 billion to viable commercial projects, which we welcome. Will the Tánaiste give a commitment that we will have that Bill early in the autumn session, as I do not see why it has taken this long? Will he at least commit to the element that will allow commercial investment to start flowing? We should deal with that as quickly as possible.

I am sure the Minister for Jobs, Enterprise and Innovation, Deputy Bruton, is tired of being asked about the consumer and competition Bill, which has been delayed significantly. Will the Tánaiste give as specific a date as possible on when the Bill will be taken in this House?

Comment on this

The heads of the National Treasury Management Agency (amendment) Bill have been approved. It is a very important piece of legislation, as the Deputy noted, and there is a commitment in the programme for Government to establish the strategic investment fund. That amounts to a €6 billion fund to get some growth and movement in the economy. The Bill will be published later this year. The consumer and competition Bill is to be published this session.

Comment on this